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Search Results 0 to 49 of about 64 (some duplicates have been removed)
NBC
Dec 31, 2012 11:00am EST
.e.d. bulbs. >> just hours before lawmakers are out of time on averting the so-called fiscal cliff. let's check in with hampton pearson who has more on that and the rest of the business. >> we have the markets in a narrow trading range keyed in on fiscal cliff talks. hours now for lawmakers to avoid going over the fiscal cliff. the dow is up barely less than two points at 12939. the nasdaq up 18 points. the s & p is up four. congress may be able to skirt the dairy cliff. the house and agriculture committees are set to extend the farm bill to keep milk prices from surging. it would keep a long dormant milk subsidy coming back to life pushing milk over $6 more than twice the national average. the tribune company is set to emerge from bankruptcy four years after the media giant flieled chapter 11. there will be a portfolio including eight major newspapers. 23 tv stations. several big banks are reportedly close to a $10 billion settlement to be held liable for pad foreclosure practices. the new york times goes to those who have lost the home. happy new year. >> and to you. the congress goin
ABC
Dec 31, 2012 5:00am EST
gone from a matter of days to just hours before we reach the so-called fiscal cliff. john gonzales is live on capitol hill to talk about the latest in the rather tense negotiations. >> sun this morning might describe this as desperation. the white house says vice- president joe biden is planning a direct role in the talks. these critical talks will resume today here on capitol hill while millions of americans prepare to ring in the new year tonight. there is a countdown of a different kind looming, a deadline that is set to trigger a broad tax increases and drastic cuts in domestic and military spending if nothing else, the president is try to broker a deal that would at least reserve tax rates on families with income under $250,000 and extend expiring unemployment benefits. republicans are adamant about keeping the state tax from going up. an offer was made on the gop side but a counter proposal was never presented. false hope, some say. it is truly the 11th hour. if there is not a deal today we're not only talking about tax increases next year, but about millions of americans who
MSNBC
Dec 30, 2012 9:00am PST
-called fiscal cliff. it's come down to a matter of hours. midnight tomorrow, everybody's taxes going up unless something happens in washington, d.c. hello to you all and welcome to weekends with alex witt. i'm t.j. holmes filling in for alex. a consequence of history in the nation's capital if congress cannot reach a compromise deal on tax and spending cuts. a short time ago, we were hearing from the president talking about the fiscal cliff negotiations. he spoke exclusively on "meet the press" and he had a message for congress. >> at minimum, make sure people's taxes don't go up and 2 million people don't lose their unemployment. i was modestly hopeful yesterday. now, the pressure is on congress to produce. >> the president responded to what would happen if no agreement is reached and the nation does fall over that cliff. >> if you look at projections of 2013, people generally felt that the economy would continue to grow, unemployment would tick down, housing would continue to improve, but what's been holding us back is the dysfunction here in washington. if people start seeing that on januar
CNN
Dec 28, 2012 2:00am PST
at the white house this afternoon for an 11th hour fiscal cliff faceoff. in just four days paychecks shrink and spending gets slashed if our elected officials can't figure out how to compromise. it will now be in the hands of these six leaders, the president, vice president biden, senate majority leader harry reid and house minority leader nancy pelosi on the democratic side. john boehner and mitch mcconnell representing the republicans. brianna keilar live now from washington. great to see you. house doesn't return to work until sunday. logistically speaking here, is there still enough time to work out a deal? >> i will tell you logistically speaking, logistically speaking, yes. politically speaking, very much unclear, there's a growing amount of pessimism about whether or not that can be done. we've been talking for days about how eyes are on the senate to see what harry reid cobbles together to try to get republican support in the senate and house. he's saying it's hard to see how this can get done by january 1st. so we're seeing a lot of managing of expectations and certainly a lot of p
ABC
Dec 31, 2012 6:00am EST
. the fiscal cliff deadline is just hours away and no deal. how high will taxes go? >> some homes in the prince william counties area will not be getting a local newspaper anymore. i will have details coming up. >> thank you. 2013 with these live pictures has started in some parts of the world. they are ringing in the new year with the big fireworks display right now in new zealand. beautiful display. good morning, washington. i am scott newman. i's check out our new your forecast. >> it is a pretty decent look at 2012. it 2013 not quite as gray. most of the week should be fine. we have the clouds pushing in from the west. they will slowly increase throughout the day today. i think we will have a lot of filtered sun shine through the morning hours. 21 in manassas. at 24, dulles. 30, d.c. we will warm up throughout the day into the low to mid 40's. right about where we should be for this time of year. more on a wintry mix shortly with the seven-day forecast. let's see how things are moving this morning. a few accidents. >> that right. the major accident is in virginia on route 28, you c the veh
FOX
Dec 30, 2012 8:00am EST
stories coming out of d.c. just less than two days to go until we go over the fiscal cliff and we are hours away from the redskins-cowboys game for the nfc east title. >>> good morning. i'm melanie alnwick. we are all over both stories. we will have a live interview on the latest on the fiscal cliff negotiations and hear from the big skins players this evening. what will the weather be like at kickoff? we have run the gamut when it comes to mother nature in recent days. many parts of our regions saw snow as well as snow and slush made it difficult on some of the roads. fast forward and here's how things are looking out right now. much of the snow and slush gone but it is windy and cold out there. gwen tolbart has the latest on the weather. [ no audio ] [ no audio ] >> can you hear me? where we've got the satellite radar composite and you can see where all the snow has moved off to the northeast and headed to the canadian maritime. here at home, things are different. clouds rolling in across the area but we will see clear skies into the course of tonight. not bad with a few clouds
NBC
Dec 30, 2012 9:00am EST
. >>> time is running out for lawmakers to come to a deal to avoid the fiscal cliff. in less than 48 hours taxes go up for a majority of americans and spending will be slashed if leaders from both sides don't compromise. leaders from both sides are to be in session today. >>> and police found a body last night around 8:30 in the southeast d.c. the "washington post" reports the victim was behind the wheel when she whe was shot and then crashed into a police. police have not made an arrest in this case just yet. >>> and a blast killed 19 people and injured 30 others in pakistan. the attack happened near three buses in pakistan. the shia pilgrims were there. and so far nobody has taken responsible for the attack. and investigators are trying to determine whether some victims took too much of the cough syrup to get high or if there was a problem with the medicine itself. 62 people are in the hospital after drinking cough syrup. >>> and u.s. troops are headed to central africa to help evacuate u.s. personnel. personnel at the u.s. embassy were pulled out of the country this week as concerns gro
ABC
Dec 29, 2012 7:00am EST
at these people falling one by one through thin ice. >> give me the rope from under the seat. >>> fiscal cliff hanger. >> the hour for immediate action is here. it's now. >> t-minus three days until everyone's taxes go up. the politicians are in a mad scramble this morning. so, what are the odds of a deal to prevent disaster? >>> the price of fashion. are your skinny jeans a health risk? why doctors are warning of nerve damage, abdominal pain, heart burn, even blood clots. >>> is britney spears about to lose her job as a judge on a talent show? why simon cowell reportedly calls her toxic to the show's success. >>> and good morning, everyone. we've got a lot to get to this last week of 2012. can you believe this year is almost over? and of course, we're going to start the show with weather. take a look at snow falling overnight in illinois. the year ending with a one-two punch of nasty weather for much of the country. ginger zee will tell us how it will affect your travel plans. >> nothing makes ginger happier than a big winter storm. we'll talk to her in just a moment. >>> speaking of travel.
NBC
Dec 31, 2012 5:00am EST
24 hours now to avert the fiscal cliff. aide say lawmakers are working around the clock behind closed doors to broker a deal with several options on the table. republicans reached out to vice president biden for help with negotiations. meantime, president obama sais he's still cautiously optimistic. nbc's danielle lee is live on capitol hill with the latest. good morning, danielle. >> richard, good morning. the senate will get back to work on this very issue at 11:00 a.m. today. twh they do, they will not have a lot of time to avoid the massive spending cuts and tax increases. democratic leader harry reid says they hope to have an announcement. but at this time, lawmakers say they are still looking at a significant divide, specifically on at what point, what salary should taxes increase. aides say lawmakers did make significant progress over the weekend, specifically on the issue of tax increases for the very wealthiest americans and avoiding the inheritance tax increase and republicans gave up on their demand for social security, cuts to social security to be a part of this deal. dem
ABC
Dec 28, 2012 5:00pm EST
to speak at 5:45 this evening about the latest on the fiscal cliff. this comes just hours after he met with congressional leaders at the white house. when he speaks, will bring it to you live. >> speaking of the fiscal cliff showdown, the issue impacts all this. some of you may not be familiar with how we got into the situation in the first place. it started during a different presidency in a different era in our country's history. it started with president george w. bush in 2001. >> now we pass a bold package of tax relief for america's families proposed tax cuts were set to expire in 10 years. when it came time, the u.s. was emerging from the worst recession since the great depression. lawmakers extended the tax cuts. >> both houses have passed a package of tax relief. >>>> republicans say no higher tax rates on the rich. no tax hikes on anyone. >> we need to start cutting spending now. >> and a separate debate during 2011 republicans demand the government reduce its deficit as a condition for raising the nation's pulse of debt ceiling. a last-minute compromise, both sides agreed to
MSNBC
Dec 31, 2012 12:00pm PST
staring down the fiscal cliff. t-minus nine hours and counting and washington is wasting no time. senate minority leader mcconnell saying both sides are close to a deal. it's about time. >> my preference would have been to solve all these problems in the context of a larger agreement, a bigger deal, a grand bargain. whatever you want to call it. that solves our deficit problems in a balanced and responsible way. with this congress, that was obviously a little bit too much to hope for at this time. it may be we can do it in stages. >> there are a number of issues on which the two sides are still apart but negotiations are continuing as i speak. but we really are running out of time. >> the vice president and i have worked together on solutions before and i believe we can again. >> no holiday for the best political team around. a triple threat, luke russert and mike viqueira on the capitol hill and kristen welker from the white house. are you happy to be working on the holiday? >> it's fantastic. >> absolutely. >> sounded believable. viq, let's start with you. we have news trickling out to
ABC
Dec 28, 2012 6:00am EST
. just four days from going over the fiscal cliff. within the past 24 hours there have been no signs of a deal. lawmakers continue to blame each other for the stalemate. edthat has prompted president obama to call a meeting at the white house. >> in what is seen as an aa last-minute attempt president obama has called a meeting with nancy pelosi, mitch mcconnell, john boehner, and harry reid. they have before you are days to reach an agreement or the u.s. economy will go off the fiscal cliff. s when automatic spending increases and spending cuts would take effect. -- a deal will not be easy, because both sides if are involved in a high-stakes political blame game. >> we are here in washington working. the members of the house of representatives are out watching movies and watching the kids play soccer and basketball and doing all kinds of things. they should be here. >> i told the president will be happy to look at whatever he proposes but the truth is we are coming up against a hard deadline. as i said, this is a conversation we should have had months ago. >> democrats want to extend
FOX
Dec 31, 2012 7:00am EST
is just 15 hours to avoid going over the fiscal cliff. we're going to tell you where negotiations stand now. >> later on this hour, people around the world are getting ready to ring in the new year. later this hour, a new year's recipe you don't want to miss. >> good morning to you. i'm wisdom martin. >> and i'm sarah simmons. pretty exciting to talk about the redskins but the weather. we're glad the wind is out of here. we have the cold i guess. >> that was nice. weather, redskins. it's all right there. we'll be fine later today. temperatures back in the mid 40s. clouds moving in here. get out and enjoy it right now. mostly cloudy afternoon. >> i'l be right back. you said i have to enjoy it right now. >> it's currently 29 degrees out. >> never mind. >> put on big puffy and go hang out in the snow. >> put a big jacket on. 24 out at dulles . it is a cold start. much of the area back in the 20s. should warmup to the mid 40s. lots of clouds moving in. storminess out to the west. the good news is the rain showers the winter weather you see won't get in here later tonight. it will turn cl
ABC
Dec 29, 2012 11:30pm EST
. >> as the deadline approaches, our coverage of the fiscal cliff negotiations continue on television and on-line at wjla.com. >> some people in the area are still cleaning up after the high wind thursday. and, apart, a tree crashed through a house. -- in takoma park, a tree crashed through a house. in mclean, trees littered the georgetown park way. >> maryland health officials are reporting their first death related to hypothermia of the season. the health department says a 65- year-old man died in frederick county between december 18-24. pulte officials did not release any other information related to his death. >> there is a new senator and he replaces the longtime senator who died earlier this month from hawaii. he was sworn in by vice president joe biden thursday. before his appointment, he served as a whole yes' lieutenant governor. -- he served as hawaii's lieutenant governor. the head of the environment protection agency is stepping down after four years. the tenure was notable for the high-profile fights against global warming the keystone oil pipeline, and new revelations of a coal
NBC
Dec 29, 2012 6:00am EST
fiscal cliff. in the past 24 hours, there's been newfound optimism that democrats and republicans could come to a deal before december 31st. president obama met with house and senate leaders yesterday. lawmakers are hoping for a deal to help avoid tax increases for everyone as well as massive spending cuts in defense and other areas. if a deal can be reached, the senate would vote on it first and then it would head to the house. the latest the house would vote on a possible deal is january 2nd. the final full day before a new congress takes office. the house is set to return to work tomorrow night, however. speaker john boehner told fellow representatives there would be a session at 6:30 tomorrow night. he said he hopes to have a senate bill in his hand by then that they can vote on. and be sure to tune in tomorrow morning for "meet the press." david gregory will sit down with an exclusive interview with president obama. you can see "meet the press" here on nbc 4. the show starts at 10:30. >>> new this morning, many same-sex couples in the state of maine can now say they're married. tha
FOX
Dec 31, 2012 6:00am EST
cliff. now, the deadline is now less than 24 hours away but the white house and congress still remain at odds over key issues such as creating an income threshold for raising taxes. president obama says gop leaders have rejected his proposals to make a comprehensive deal. republicans say they are willing to work together. so what does this mean for you? coming up in the next hour, we'll talk live with congressman jerry connelly and congressman phil roe for a closer look at the looming deadline. >>> still ahead this hour, secretary of state hillary clinton hospitalized. we'll have an update on her condition. we'll be right back. (vo) sometimes the big plan doesn't work. and the perfect life turns out to be not so perfect. you start fresh. new city. new job. new everything. it's exciting, and scary, at the same time. and some days you think, "i can't do this on my own." but then...i went to suntrust. they helped me figure things out. and before you know it, i am doing it... (anncr) at suntrust, helping people shine is what we do. join the thousands who are switching to suntrust's award-
CBS
Dec 31, 2012 7:00am EST
to the hospital with a blood clot. >>> and less than 24 hours until the nation heads over the fiscal cliff. we'll go to washington to see if lawmakers are any closer to cutting a deal and we'll tell you what will happen if they don't. >>> we begin with today's "y opener," your world in 90 seconds. >>> hillary clinton will be celebrating the new year from a hospital bed. >> secretary of state hillary clinton is hospitalized in new york city. >> she's got a blood clot she suffered from a fall. >> it left her severely dehydrat dehydrated. clinton had been planning to return to work this week. >> there's still significant difference between the two sides. >> today the final day of fiscal cliff negotiations. >> i want everybody know i'm willing to get this done but i need a dance partner. >>> vice president joe biden is now in on negotiations. >> do i wish things were more order will i in washington? absolutely. >>> a tour bus crashed on an icy oregon highway has killed nine people and injured 20 others. >> today is december 231st. there's going to be a huge celebration in times square with everyon
NBC
Dec 30, 2012 6:00am EST
out for lawmakers to come to a deal to avoid a so-called fiscal cliff. in less than 48 hours taxes will go up for a majority of americans if both sides do not reach a compromise. both the house and senate are supposed to be in session today. >>> get ready for the fedex field showdown. the redskins take on the cowboys tonight for a winner take all match for the nfc east title. kickoff is tonight at 8:20, and can you catch the game right here on nbc 4 sunday night football. those are some of the stories we are watching. >> of course we will be back in a few minutes with another update. >>> good morning, and welcome to "viewpoint." we are taking a look back this sunday morning about the big events and changes in the region, and how the landscape might look for 2013. we have a political science professor, and danny vargas, president and ceo of the communications and marketing firm. welcome to "viewpoint," to you all. >> happy new year. >> i want to take a big picture look back at 2012, and go around and ask each of you what 2012 would be remembered for? >> my background is in politics,
NBC
Dec 28, 2012 4:00pm EST
in virginia. >>> just over a half hour ago, the fiscal cliff talks ended at the white house with just three days until we could all go over the edge. >>> and a wild ride. a crime spree comes to a dramatic end. >> he only wanted to see me just enough to hurry up and do what he wanted to do, which was take my pocketbook and for him to flee. >>> more on that? just a bit, but we begin with more messy winter weather. >> it's been a wild week where the weather is concerned. we've seen snow, sleet and rain, then strong winds blew in. >> now we're bracing for more snow, rain and cold numbers. doug kammerer is here where what we can expect. how about it, doug? >> we've been talking about that change in the weather pattern going from very warm and calm to a lot colder and stormier. that's exactly what we've seen happen really over the past week. i think that trend will continue as another storm moves in. rock winds out of
CBS
Dec 31, 2012 7:00am PST
wake up the deadline to the fiscal cliff is just 14 hours ai wa. there's no deal yet, but members of congress are heading back to capitol hill. first, breaking news on the condition of secretary of state hillary clinton. >> she's in a new york city hospital this morning being treated for a blood clot. doctors say it's related to a concussion that's kept her out of the office for the past three weeks. margaret brennan is in washington with the latest. margaret good morning. >> reporter: good morning to you. secretary clinton is taking anti-coagulant to thin out the blood clot. doctors will monitor her for at least the next 48 hours. >> a warm welcome to the secretary of state. >> reporter: secretary of state hillary clinton was admitted to new york presbyterian hospital on sunday after doctors discovered a blood clot during what was termed a follow-up exam to check on her recovery from a recent concussion. >> thank you very much. how are you? >> reporter: clinton's health scare began after she contracted a stomach illness following a whirl wind trip through eur
ABC
Dec 31, 2012 4:30am EST
at 11:00 a.m. on monday. only 13 hours before the nation plunges over the fiscal cliff. >> while the fiscal cliff is in limbo, the dairy cliff has been averted. there is some good news. allen joins us from bloomberg headquarters in new york. >> hello. that is what we are all watching. stock futures are pointing to a little change here at the open. of course, one of the concerns of the cliff has to do with milk prices. you may have heard that they were set to rise to $6 or $8. one thing lawmakers are trying to do is to avoid us going over the dairy cliff. the senate agriculture committee chairs, with a draft bill that would extend the farm bill. tim vilsack -- tom vilsack yesterday warned that without a new farm bill, consumers would pay the price. let's talk about colleges. they are under pressure to be more affordable. "the wall street journal" says 24 have frozen tuition. that includes roger williams and others. you have cut tuition including seton hall university. -- you have cut tuition, including seton hall university. apple may be working on at the iwatch. i have more comin
FOX
Dec 28, 2012 5:00am EST
. traffic. >> thank you, jeff. >>> in the developing fiscal cliff negotiations with the clock sticking, top lawmakers are being called to the white house today. it is the first face to face meeting with the president since december 16th. sherry ly is live on capitol hill with the latest. good morning. >> reporter: well, we are here at the white house where that meeting is set to take place at 3:00 this afternoon. it comes with just a few days left to reach a deal or the nation will go over what has become known as the fiscal cliff. the result of going over that cliff would be tax increases and billions of dollars in automatic spending cuts. but as the hours tick down, the negotiations do not appear to be heating up. in his opening remarks on the floor of the senate yesterday, democratic majority leader harry reid accused republican house speaker john boehner of running a dictatorship in the house that is blocking a deal. the speaker has called the house back on sunday leaving just 24 hours for a deal. it is becoming clear though that the solution to the standoff is not going to come solely
NBC
Dec 31, 2012 4:30am EST
closer to going over the fiscal cliff. >> the dream season continues for redskins fans after the team's big win over the cowboys. has them playoff bound this morning. >>> can you believe that? >> going to be a happy new year for everyone. good morning, i'm richard jor n jordan, i'm erika gonzalez.
FOX News
Dec 30, 2012 3:00am PST
huddy in for alisyn camerota. we're less than 48 hours away from the fiscal cliff. will congress and the white house be able to reach a deal before americans see a 500 billion dollar tax increase? >> and george h.w. bush's health taking a turn for the better. there's good news regarding the former president's healths. >> clayton: well put. >> juliet: well said. >> clayton: a frightening moment when an airplane broke in half crashing on to a busy highway, caught on camera. watch this. >> juliet: oh, how about that car? >> that's not something you see every day. >> no. >> "fox & friends" begins right now. ♪ >> hey, everybody. >> juliet: hi, everybody. >> dave: good sunday morning, juliet huddy in for ali. how are you doing, my friend. >> clayton: dave usually gets the coffee. and no coffee around this place. >> dave: i apologize. >> clayton: dave overslept and dropped the ball. >> dave: it happened with my iphone. i woke up an hour too late to my wife shaking me. >> juliet: i don't know what it is about this morning. i'm like in lala land. >> clayton: there is no snow. >> juliet
NBC
Dec 28, 2012 6:00pm EST
" on sunday morning. david gregory will interview president obama exclusively just hours before the fiscal cliff deadline. "meet the press" airs at 10:30 on monday morning. >>> police locked up tonight after a brazen crime spree. as jack write benson reports, one of the victims had choice words for those who were arrested. >> reporter: the occupants of this stolen car are -- i'm okay now. i just thank god he didn't hurt me. >> reporter: when sharon gardner first saw this nissan maxima, it was speeding away from the bp gas station with the man who had just stolen her purse in the backseat. >> i was in between vacuuming my car out. i was going from my driver's side to my passengers side. by the time i got to the trunk of my truck, he had immediately hurried up and took my pockbook. i had it on the floor. i had it covered up. >> reporter: someone had jotted down the tag number. gardner called the cops while the responding officer was still at the robbery scene, his police radio crackled with news. the speeding nissan had crashed head-on into a metro bus on southern avenue at wheeler road. gar
FOX News
Dec 29, 2012 8:00pm PST
as the fiscal cliff deadline nears on the eve of the last stock market day of theae year. we will be all over it with deadlines and they are trying to get a vote, something together. "huckabee" starts now. >> this week on the journal editorial report. a look back at the year that was and what is ahead for 2013. 2012 was a tough year for conservatives on the national level, but in the states, some hopeful signs of reform, and looking forward, is the economy headed for rebound orie session? will the new year bring a with iran? our panel is here with their prediction. >>> welcome to this special edition of "the journal editorial report" as we look back at the year that was and the challenges that face us in 2013. first to our stories of 2012 and america's left turn from the supreme court's landmark health care decision to the re-election of president barack obama, politics on the national level headed in a decidedly liberal direction. so what happened? and what does it mean for the country going forward? joining the panel this week, "wall streetf journal" columnist and political diary editor jas
MSNBC
Dec 29, 2012 12:00pm PST
at the bottom of your screen runs out. so where do fiscal cliff talks stand at this critical hour? nbc's kristen welker is on the north lawn and luke russert are both following developments this saturday afternoon. kristen, i'll start with you. any indication at this particular point as to what's happening behind closed doors this afternoon? >> reporter: well, i think most of the action is going on in the hill where staffers with majority leader reid and minority leader mcconnell are trying to conjure up some last-minute deal and this plan would not be the grand bargain that john boehner started initially working on. that plan would have dealt with tax reform and deficit reduction and this will be a much more scaled back version that will deal with the issue of taxes and that is still the big sticking point, taxes. of course, democrats and president obama have called for tax rates to increase on those making $250,000 or less. republicans have said that's way too low. so they're thinking about potentially compromising on a rate that would be $400,000 or $500,000, but some republicans are saying t
ABC
Dec 31, 2012 12:00pm EST
on capitol hill. when the club kids midnight, our country has hit the fiscal cliff. that is unless lawmakers can reach a deal today. john gonzalez has the latest on the efforts to make some sort of compromise. >> you can see the countdown clock on the bottom of your screen, counting down the new year and the dreaded fiscal cliff. there are reports this afternoon that there is a mini deal in the works that could spare millions of families from tax increases. after frustrating weekend, it's looks like negotiators are closing in on a deal with only hours to spare, a deal that would extend the current tax breaks for households making up to $450,000 and keeps the estate tax at upper level >> . congress is your under duress even with the people they love, themselves, special-interests. >> it appears to be a temporary bandaged and also extend unemployment benefits and delays the automatic spending cuts to the pentagon and domestic programs by three months. crack at some point you just want to not pay attention to it. >> others are more optimistic. >> hopefully, they will figure it out next year. we
NBC
Dec 28, 2012 11:00am EST
the fiscal cliff before the end of the year. at this hour, major averages the dow is down about 67 points. the nasdaq down 9. president obama has called top congressional leaders to a 3:00 p.m. meeting at the white house but lile indication of even a short term plan to avoid major tax hikes and spending cuts from automatically kicking in on january 1st. markets are worried about what happens to the economy early next year. business leaders also want president obama to keep the nation's sports operating if doc workers walk off the jobs on sunday. a strike by 14,000 longshoremen could cripple the flow of goods throughout ports in newark and port elizabeth up in the new jersey area and more than a dozen other u.s. ports. right now, the federally-mediated contract talks appear at a stalemate and no comments from the white house on if the president will use his authority to impose a cooling-off period. meanwhile, we got more good news on housing. pending home sales rose last month to their highest level in 2 1/2 years. according to the national association of realtors and pending home sales ar
FOX
Dec 28, 2012 6:00am EST
cliff negotiations. still ahead, what is happening in just hours that could produce a last-minute deal. >>> the countdown is also on on sunday's big game. the redskins and cowboys, so much on the line for both teams. dave ross is here with a closer look at the rivalry and match- up. we'll be right back.  >>> welcome back. the northeast starting to dig out after a massive winter storm dumped up to two feet of snow across upstate new york and northern new england. heavy rain and strong winds pounded coastal areas already devastated by superstorm sandy. the storm system is now blamed for at least 16 deaths nationwide. here in our area, maryland is reporting a death of a man in frederick county due to hypothermia. this has been a mess. >> been a busy week. >> so we've done round one and round two. are you ready for wound round three? >> bring it on. >> not going to be a major event but we do have snow back in the forecast for the day saturday. >> that was kind of a letdown there. >> there we go. >> a little late. >> a little delayed reaction. >> we're kind of over it now. >> ear
CBS
Dec 31, 2012 5:00am EST
. >>> we are 1 hours away from going over the fiscal cliff. lawmakers went home last night without reaching an agreement. harry reid expects to reconvene the senate around 11:00 this morning. he is not giving up on reaching a last minute deal. >> there is still significant distance between the two sides. but negotiations continue. >> reporter: a lot of give and take is going on right now. republicans don't want to see new revenues, in other words democrat tax increases be used for new spending. >>> on meet the press president obama accused republicans of protecting the wealthiest americans from tax hikes. >> reporter: the president has asked his plan, which includes tax hikes, to be given an up or down vote. >>> i'm watching your money. asian stock markets mostly closed or traded lower today on diminished hopes u.s. lawmakers can come to an agreement on the fiscal cliff. wall street has a full trading day today. checking the numbers for you the dow starts this morning at 12938. that's right below 13,000 after selling off 158 points on friday. of course over concerns about the fiscal cliff.
NBC
Dec 28, 2012 4:30am EST
for a new deal with just four days until we hit the fiscal cliff. good morning everybody. i'm aaron gilchrist. >> i'm eric go-- erika gonzalez. it's the last friday of the year, mr. gilchrist. >> yes, it is. >>> we could be talking rain and snow by tomorrow morning at this time. let's take a live look outside. looks to be nice. there's v.j. >> hi guys. happy friday. >> happy friday to you. skies look pretty good
FOX
Dec 31, 2012 4:25am EST
house now have less than 24 hours to come up with a solution to the looming fiscal cliff. the senate will meet again later on this morning to continue their talks following a rare marathon meeting yesterday. on meet the press, president obama called on lawmakers to reach an agreement. if no deal is made, it would be the large of the tax hike since world war ii. >>> secretary of state hillary clinton remains in a new york city hospital this morning after doctors discovered a blood clot stemming from a concussion she had earlier this month. now, a spokesperson for clinton says she is being treated with medication and will most likely stay in the hospital for the next 48 hours. the clot was discovered yesterday during a follow-up appointment. >>> same-sex couples in maryland will be able to marry tomorrow on new year's day. state lawyers said because january 1st is a holiday and because there is a two-day wait period for licenses to take effect, they could not marry until january 4th. the state's attorney general now says all of the licenses will take effect tomorrow. >>> 2012 was anoth
FOX
Dec 28, 2012 5:00pm EST
with congressional leaders on the fiscal cliff. tom, you have been covering this pretty much every day. it looks to me like there are two big headlines here. one, still no deal and, two, he's talking about a bill being presented to the senate, an up- or-down vote that would prevent a tax hike for middle class americans, protect unemployment insurance and that is not all. >> make no mistake, that is a direct shot at the republicans, though. the president knows full well the senate is controlled by democrats. at what point you would be knocking that ball over to the house would be up to house republicans as to who they would be the last ones with up- or-down votes on this. >> more to come on this from you, tom, and our team of reporters on the news edge at 6. the 5 continues after this. have a good night. here you go. you, too. i'm going to dream about that steak. i'm going to dream about that tiramisu. what a night, huh? but, um, can the test drive be over now? head back to the dealership? [ male announcer ] it's practically yours. but we still need your signature. volkswagen sign then drive is b
CNN
Dec 26, 2012 6:00am PST
about the fiscal cliff lately. how will it actually affect you? what happens to your taxes if we go off the cliff? according to the tax policy center if you're sing well no children and make $50,000 a year you will see your taxes go up by $1,500 if no deal is reached. married couple with two kids making $100,000 would see their taxes go up a whopping $5,300 per year. taxes will go up the same amount underneath the democratic and republican plans if no deal is reached. just one day after the christmas holiday, president obama is packing his bags, heading back to washington to try to forge a deal on the fiscal cliff, with just six days left to negotiate, a deal to avoid the catastrophic cliff, the president will leave hawaii tonight to try to work on a bargain between democrats and republicans. brianna keilar is traveling with the president in hawaii and joins us now. good morning, brianna. did the president cut his vacation short or was it planned all along? >> reporter: he did cut his vacation short from what was initially planned which was to go through the new year, so yes, he cut it
FOX
Dec 28, 2012 11:00pm EST
days away from the fiscal cliff. >> timing is we're out of time. we got to do it now. that's why i said the next 24 hours will be very important. >> reporter: with the nation on the verge of the largest tax increase since toward war 2 president obama called congressional leaders to the white house for one last desperate shot at a -- world war ii, president obama called congressional leaders to the white house for one last desperate shot at a deal. some republicans believe the meeting with the president is really just for show. >> when the president calls congressional leaders to the white house, it's all political theater or they've got a deal. >> reporter: democrats insist the president tried for weeks to get an agreement on plan a, a $4 trillion debt deal, and after the failure of speaker john boehner's plan b mr. obama has taken the initiative to bring plan c to the meeting today. >> this is not for show. this is a last ditch effort by the president to bring the congressional leaders together to try and get at least a small package, small deal together, before the new year to avoid
FOX
Dec 28, 2012 4:25am EST
in the fiscal cliff talks. president obama is holding a summit at the white house today with congressional leaders and members of the house have to be back to work by 6:30 sunday night leaving them with just over 4 hours to come to a conclusion. steep cuts and tax hikes impacting from everything from your paycheck to the defense budget could take effect. >>> norman schwarzkopf has died. the retired general died from complications of pneumonia. he was best nope for leading international forces in iraq in 19916789 he was 78. >>> former president george h. w. bush remains in intensive care at a texas hospital this morning. his chief of staff says bush is getting excellent medical care but expects nobody the hospital for a while. he is battling bronchitis and other complications from it. the 88-year-old was admitted to the hospital more than a month ago. >>> three people were killed when a tractor-trailer that was stopped in traffic was rear ended by a pickup. all of the victims were in the pickup. this happened about 7:00 last night and traffic was still moving slowly in the area late last ni
CSPAN
Dec 31, 2012 12:00pm EST
this december 31, 11 hours before the midnight deadline for congress to reach an agreement on the fiscal cliff. >> president of the united states -- [applause] >> thank you. >> happy new year to you. >> low, everybody. thank you. everybody have a seat. good afternoon, everybody. welcome to the white house. i realize that the last thing you want to hear on new year's eve is another speech from me. but i do need to talk about the progress being made in congress today. for the last few days, leaders of both parties are working toward an agreement that will prevent a middle-class tax hike from hitting 98% of all americans starting tomorrow. preventing that tax hike has been my top priority. the last thing that folks like the folks appear on this stage can afford right now is to pay an extra $2,000 in taxes next year. middle-class families cannot afford it, businesses cannot afford it, our economy cannot afford it. today, it appears an agreement to prevent this new year's tax hike is within sight. but it is not done. there are still issues left to resolve but we are hopeful that congress can get it
NBC
Dec 28, 2012 7:00am EST
in just hours. can they agree on something before sending the country over the fiscal cliff? >>> and holy cow. $8 for a gallon of milk? why that utterly ridiculous price could be a very real possibility today, friday, december 28th, 2012. >>> and good morning, everyone. welcome to "today" on a friday morning. i'm savannah guthrie. >> i'm willie geist in this morning. she is full of milk puns this morning. holy cow. utterly. >> what are you, lactose intolerant? >> the trifecta. >> we'll move on to the big story, which is the weather. we're bracing for another big storm before the last one is done. >> it's expected to bring a new round of travel headaches during a holiday travel weekend. how will it impact you in more on that ahead. >>> also, retired general norman schwarzkopf has died at the age of 78. he's being remembered as one of the greatest military figures in u.s. history. more on his remarkable life coming up. >>> also ahead, it happened again. a man shoved to his death in front of a new york city subway train. this time, the suspect is a woman. we will have the details. >>> and la
CSPAN
Dec 31, 2012 7:00am EST
to reach the debt limit. let's go back to the cnbc website. "hours from the fiscal cliff, washington awaits deal." experts foresee a significant drag on the economy. negotiators keeping the bush-era tax cuts in place for all but the wealthiest americans. this is having a huge impact on what the markets want, which is some certainty. good morning, andy. caller: i was a volunteer rescue worker at the world trade center. i have two cancers. these guys want to mess with social security. there was a guy on yesterday. he was willing to pay a little more. he will still have over $200,000 left. he'll have maybe $20,000 last. it is ridiculous. we of the strong people. we are the ones that survive. they call us the little people. we are the strong people. host: it is 7:35 eastern time. the house will gavel and at 9:00 p.m. eastern time. we will have live coverage. the senate is coming in at 11:00 a.m. more from the senate floor yesterday. [video clip] >> i'm sure if president does not want a climate like this happen. i do not want on my watch for this to be the last thing that happens on my watch. i
CBS
Dec 29, 2012 8:00am EST
an hour. now, earlier in the fiscal cliff talks, meetings like this had tended to be tense and nonproductive but this meeting gave rise to hopes of a last-minute deal. for the first time in weeks president obama reported genuine progress to averting some part of the so-called fiscal cliff. >> i'm modestly in agreement we'll achieve. >> they're now chasing a much smaller deal than originally sought. the final product if there is one will not include trillions in debt reduction or federal spending or tax code reform. it won't even include across the board spending cuts. it will focus on tax rates and a few spending items. >> that's the bearare minimum we should be able to get done. >> sidelined for now. house speaker john boehner. as they left they sounded like they were closing in on a compromise. >> think it was a very positive meeting. there was not a lot of hilarity in the meeting. everyone knows how important it is. >> we'll be working hard to try to see if we can get there in the next 24 hours, and so i'm hopeful and optimistic. >> the presiden
CBS
Dec 28, 2012 7:00pm EST
built a fiscal cliff soap box and went out and asked washingtonians to stand on it and sound off. now that we're within shouting distance of that cliff we thought it would be a good time to break out the soapbox once again so matt jablow packed it up and headed out to mcpherson square earlier today. >> reporter: what do you do for a living? >> i'm in the government. >> reporter: what do you make of this whole fiscal cliff mess? >> it seems like a against baby- sitting gig in a way. >> i'm really disappointed because, one, our lives are in other people's hands, and if you raise the taxes, how are we going to survive for 201 and on? >> i'm just, like i said, waiting to see what comes up and hope for the best. >> a lot of people don't know that we will automatically see a 2% did he address in our take- home tax. >> are you angry that we're even in this situation? >> not so much angry. just frustrated and, you know, just confused by it all, the lack of willingness to strike a deal should. what would you like lawmakers to give you regarding the fiscal cliff? >> compromise. i want them to c
FOX News
Dec 26, 2012 10:00am PST
back from the edge of the fiscal cliff. and welcome to a brand new hour of "america live," i'm heather childers. gregg: and i'm gregg jarrett, megyn is off today. senate lawmakers also cutting short their holiday break. the real sticking point is in all of this has been the president's proposed tax hike. both sides suggesting a cooling-off period was necessary before getting back to business, but the word from both democrats and republicans today, nothing has changed. chief white house correspondent ed henry is in beautiful honolulu. aloha, ed. [laughter] >> reporter: aloha. [laughter] well, it's interesting pause you say the sticking point -- because you say the sticking point is taxes going up, which is true, but the other big one will be spending cuts because the latest offer, we've been through plan a which was that $4 trillion debt deal, plan b which fell apart on speaker john boehner last week, now we're basically on plan c which president obama says would be dealing with short-term issues like two million people who are losingen employment benefits in a week, dealing with the ta
FOX
Dec 28, 2012 10:00pm EST
'll look back at the wild weather of 2012. >>> call it fiscal cliff friday, stocks taking a nosedive again as lawmakers take their fight into the final hours. congress and the president have until the ball drops new year's eve to figure something out on those automatic tax hikes and spending cuts, but union workers have figured out a deal to avoid the so-called container cliff for now with the massive weekend strike looming, the longshoremen, shippers, operators and ports all agreeing to extend the union's contract until early february and avoid port shutdowns. meantime as the year winds down, 2012 is shaping up to be a pretty good one for banks. american banks closing out their best profits in six years and fewest failures since 2008, 51 banks closed their doors this year, still a lot historically but well below recent levels. drumroll, please. the top money making star of 2012, denzel washington. theater owners nationwide say moviegoers flock to denzel's movies more than anyone else's and hathaway and hugh jackson round out the top three. that's business. i'm eric bolling. 
CBS
Dec 29, 2012 6:00pm PST
lines would be the least of the problems. under the mandatory cuts of the fiscal cliff, the federal aviation administration would lose $800 million, and more than 2,000 air traffic controllers. fewer controllers mean fewer planes moving passengers and cargo. warns the air traffic controllers association. >> fb's pocketbook and livelihood is tied to the aviation system, so the impact of the aviation system not being able to provide the service that they do today would be devastating. >> reporter: if washington can't reach a compromise, the economic recovery could stall. if we cannot figure this out, they're putting a bunch of huge and ugly potholes on a road that was supposedly going to get us to economic recovery. >> reporter: in fact, air traffic controllers warn that more than 100 small airports could lose their control towers. jobs and revenue that may never come back. john bentley, cbs news, new york. >> winter storms are spreading across the country, a massive storm that created havoc east of the mississippi is now headed to new england. that storm left a trail of power outages
NBC
Dec 24, 2012 4:30am EST
are trying to get a deal done before the end of the year to avoid a fiscal cliff. congress is not expected to return to work until thursday. the same goes for president obama who will spend christmas in hawaii. that leaves them just five days to get a deal done to avoid steep tax hikes and spending cuts. senators on both sides of the aisle say both parties need to compromise to avoid a potential econom disaster. >> my one bit of advice to speaker boehner is this. you can't pass a bill with just republicans. on a broad thing like this, you need both. >> ronald reagan model is if you get 80% of what you want, that's a good day. we have the same objective of lower taxes. i like simpson-bowles. put money on the debt. tax rate hikes are partisan solution driven by the president but he'll get tax rate hikes. >> some lawmakers say that no deal will get done by the end of the year. >>> the second victim of a shooting in northeast washington has died. beasley was found shot in the early hours of saturday morning. harris was found lying in the road nearby and pronounced dead at the scene. police are
CSPAN
Dec 31, 2012 10:00am EST
speaker, i rise today to implore the house g.o.p. leadership to address the looming fiscal cliff. we have only a few hours left and we owe it to the american people to find a solution. pass legislation and send it to the president for his signature tonight. there's too much at stake to let this critical situation devolve into the same politics as usual. that we have seen throughout this congress. the consequences of failure inaction are dire. according to the congressional budget office, going over the cliff would raise unemployment rate from 7.9 to 9.1% in 2013. we would also see devastating cuts to programs that pay for education, food inspection, and air travel safety. nearly $55 billion. madam speaker, there is no more time and the american people are depending on us for a solution to avoid this fiscal cliff. thank you. i yield back. the speaker pro tempore: the gentlewoman yields back. for what purpose does the gentleman from la rise? -- from louisiana rise? without objection. >> here we are on new year's eve, working to avoid this latest fiscal cliff. of course, if you wonder why we
FOX News
Dec 26, 2012 6:00am PST
cliff. it is a brand new hour of "america's newsroom," hello, everyone, i'm patti ann brown. gregg: and i'm gregg jarrett. lawmakers are -- republican lawmakers are returning to washington, d.c., and they are trying to negotiate something, anything with the house. both sides saying that a few days to cool off over the holiday might be helpful, but there are no signs they're closer to a deal. patti ann: chief white house correspondent ed henry joining us now live in honolulu, hawaii. so, ed, what is the latest? any progress to tell us about? >> reporter: or well, patti ann, really no progress. as gregg was saying, a lot of people thought, well, a cooling-off period, the holidays, maybe this'll get everybody to work together, the president even joking last week about figuring out a way to move all of this forward, but we've been told by white house officials there have been no real phone calls between the president and speaker boehner over the last few days, very little staff contact. so the bottom line is the president is leaving hawaii here tonight, as you suggested, just to try an
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